Ideosphere Forum

Re: fx-devel: FW: FX (Foresight Exchange) Transaction Confirmation

Author: Ken Kittlitz
Conversation: fx-devel: FW: FX (Foresight Exchange) Transaction Confirmation ( prev | next ) reply!
Topic: fx-devel ( prev | next )
In-Reply-To: Donald Qualls's post
Date: Wed Feb 01, 2006 01:36 pm
Donald Qualls
Ken Kittlitz

On Wed, Feb 01, 2006 at 03:19:54PM -0500, Donald Qualls wrote:
> Karl Hallowell wrote:
> > These transaction messages look pretty strange to me. Perhaps there is
> >> WarmSU B1@43
> >>
> >> Affected Holding Change Balance
> >> <cash> -0.43 359.74
> >> WarmSU +1.00 45.00
> Explain what seems odd? You bought one share of WarmSU at 43, and your
> cash on hand was charged .43 credibills. Change and balance are both
> completely clear, though <cash> is denominated in credibills (FX$)
> instead of coupons...

It's clear to me, too, but then again, I decided on the format ;-)

Karl does have a point that the format of the confirmation mesasge has
changed, and that it may not be quite as straightforward as the old format.
I made the change in preparation for when FX is powered by a new back-end
that supports to idea of conditional claims. In other words, it will be possible
to buy and sell shares in a claim that are backed not with FX$ but the shares
of another claim. For example, two people may trade in Claim2, using shares
in Claim1 as collateral. This allows us to explore "what if" scenarios -- e.g.,
what are the odds of Claim2 coming true, *if* Claim1 is assumed to be true?

One effect of trades of this nature is that it seems to make sense to structure
the transaction summary as a list of what holdings have changed, as is done above.
However, I'm always open to suggestions...


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